Coeur Mining (NYSE:CDE) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Coeur Mining (NYSE:CDE) issued its quarterly earnings results on Wednesday. The basic materials company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.01, Briefing.com reports. Coeur Mining had a negative net margin of 12.62% and a negative return on equity of 7.79%. The company had revenue of $213.10 million during the quarter, compared to analysts’ expectations of $203.43 million. During the same quarter in the previous year, the company earned ($0.11) EPS. Coeur Mining’s revenue was up 13.8% on a year-over-year basis.

Coeur Mining Stock Performance

Shares of CDE traded up $0.16 during trading hours on Thursday, hitting $4.74. The company had a trading volume of 4,273,375 shares, compared to its average volume of 7,563,475. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of -15.13 and a beta of 1.77. The business has a fifty day moving average of $3.78 and a 200-day moving average of $3.14. Coeur Mining has a 12 month low of $2.00 and a 12 month high of $5.47. The company has a quick ratio of 0.38, a current ratio of 0.92 and a debt-to-equity ratio of 0.51.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. BMO Capital Markets lifted their price objective on shares of Coeur Mining from $3.50 to $4.25 and gave the stock a “market perform” rating in a research note on Wednesday, April 10th. Raymond James lifted their price objective on shares of Coeur Mining from $3.75 to $4.00 and gave the stock a “market perform” rating in a research note on Monday, April 8th. Roth Mkm assumed coverage on shares of Coeur Mining in a research note on Tuesday, April 9th. They set a “buy” rating and a $5.40 price objective on the stock. National Bank Financial reissued an “outperform spec market weight” rating on shares of Coeur Mining in a research note on Monday, April 8th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Coeur Mining in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $4.21.

About Coeur Mining

Coeur Mining, Inc explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc in May 2013.